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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (14181)	5/6/1999 3:59:00 PM
From: Nicole Bourgault	Respond to of 56535

Trader J, A small end of the comments of Mr. Greenspan. Toronto stocks opened mixed on Thursday as U.S. Federal Reserve Chairman Alan Greenspan warned of imbalances in the U.S. economy which threaten continued expansion, raising the specter of inflation. * Volume was 13.2 million shares worth C$144.7 million. TORONTO, May 6 (Reuters) - Toronto stocks opened mixed on Thursday as U.S. Federal Reserve Chairman Alan Greenspan warned of imbalances in the U.S. economy that threaten continued expansion, raising the specter of inflation. The Toronto Stock Exchange's benchmark 300 Composite Index fell 11.64 points or 0.17 percent to 7011.98. Volume was 13.2 million shares worth C$144.7 million. Advancers edged decliners 238 to 228 with 189 issues unchanged. In New York, the Dow Jones Industrial Average fell 36.65 points or 0.33 percent to 10,918.76. The Nasdaq composite index rose 4.01 points or 0.16 percent to 2538.46. ''If in the long run Greenspan's musings are right, it's beneficial to the Canadian market because of our higher weighting in commodity stocks,'' CentrePost Mutual Funds President Rick Hutcheon said. ''But the question is, how bad is the equity pricing damage going to be in the U.S., because if they go down hard, they take us with them,'' Hutcheon said. Greenspan told the Chicago Federal Reserve ''there are imbalances in our expansion that, unless redressed, will bring this long run of strong growth and low inflation to a close.'' But he did add there were ''tentative signs'' of improvements in economies other than the United States. Overall, nine of the TSE 300's 14 subgroups traded lower led by a 0.8-percent dip in oil and gas stocks after a 20 cent fall in Brent crude oil to $16.85 a barrel. Gold and precious metals, however, rose 2 percent on the $1.50 an ounce gain made in June COMEX gold futures to $290 an ounce.

To: Trader J who wrote (14181)	5/6/1999 4:06:00 PM
From: snerd	Read Replies (2) \| Respond to of 56535

Trades... Had bids if for 2 stocks, came within 1/8 of getting them. Like to trade AFFI for 1/2 point or so once a week. And saw IACO that was a little beat up after warning. Put same bids in aftermarket, they're high bid right now. Will see if anyone bites. ; ) Snerd

To: Trader J who wrote (14181)	5/6/1999 4:33:00 PM
From: Maarten Z	Read Replies (1) \| Respond to of 56535

Did anyone catch ENBC action today. I saw it too late in the morning and then hesitated at 4 1/2 around noon. Just to watch it close near 6. Not that I blame myself ofcourse! At that point could easily sold off. This was a blatant self pumping PR from the company to play on Clintons clean air proposal. Its not like a new sulfur emission law got passed by congress today. What was interesting was early this morning a 60K block when in at the ask @ 1 5/8. Then almost no trades for a while. Curious to know who made that buy. One hell of a trader Or an insider. MZ